Gothamist: Wells Fargo, Not Citigroup, Will Buy Wachovia

Eriiique

Fri, 03 Oct 2008 22:01:47 -0500

This will work out for the best. For some odd reason I don't see citigroup falling too hard because of this..

Wza

Fri, 03 Oct 2008 21:25:47 -0500

Does this mean we'll start seeing Wells Fargo in NY? If so, the Californication of NY continues...

NannyState

Fri, 03 Oct 2008 20:54:15 -0500

Citigroup is separated from the herd, short-sellers attack! oops, -um shit.

MrCow

Fri, 03 Oct 2008 17:27:31 -0500

that's sneaky

mtauser

Fri, 03 Oct 2008 11:29:32 -0500

Smart folks use the internet for their banking needs to get the best rates for deposit based accounts and loans. We are in a new global interdependent economy. There will be banking shakeups here but it will stabalize soon. Good quality banks will not go bust and money is safe in those banks.

Kojak

Fri, 03 Oct 2008 09:52:52 -0500

This may work out well either way. Wells Fargo is mostly a Midwest/Western bank. This deals gives them a huge presence in the east and enough footing to take on BAC, JPM and Citi. CitiGroup is too damn big as it is. It just feels threatened by Bank of America and JPMorgan's recent acquisitions. Not to worry though. There were will plenty more banks looking to be brought up in the next few months.

smokedgouda

Fri, 03 Oct 2008 09:45:16 -0500

Not good news for New York.